- Joined
- Oct 12, 2005
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- 281,619
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- Libertarian - Right
Obama has created this as an emotional campaign issue and it is based upon distortions and lies. What he is talking about are the very few that are making big bucks all on investments thus paying 15%. the amount of money that will be collected by the Treasury from those individuals at a higher tax rate is a drop in the bucket but Obama isn't selling it this way at all insinuating that it is a much bigger number and that all Millionaires are in that classification.
Why anyone believes this ass is beyond me.
Buffetts slurpage of Obama fails to note that many people making a million or more have mainly salary income meaning they are paying a 35% rate which is far higher than the middle class
He's an asshole and a fraud If he wants to pay more he should but for him to extrapolate his position and project it onto everyone making more than a million is a joke
he also benefits by the economy that causes businesses to fail which he then buys up for pennies on the dollar.